MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
COSMOPOLITAN GEMS |
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Registered Office : |
FLAT 1, 15FL Star Mansion 3-5 Minden Row Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.07.1996 |
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Com. Reg. No.: |
20027177-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing of Jewelry and Precious Stones. Sales and Distribution of Products to Local and Overseas Markets. |
RATING &
COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
COSMOPOLITAN GEMS
FLAT 1, 15FL STAR MANSION 3-5 MINDEN ROW
TSIMSHATSUI KOWLOON HONG KONG
TEL: 852- 23669651 FAX: 852-27397005
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 1, 1996
CHIEF EXECUTIVE :
MRS. RAJ SHREE PARWAL (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80129 = USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD Hong Kong Dollars
*Office & Facilities*
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Previous address : Flat/Rm E 16Fl Star Mansion 3-5 Minden Row
Tsimshatsui Kowloon
*Company Registration*
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License Number :
20027177-000
Date of Registration :
1 July, 1996
Issuing Authority :
Business Registration Office - Inland Revenue Dept (BRO)
Legal Form :
Sole-proprietorship
Primary Business Activity :
Trader
SC
is not known to host website of its own at present
E-mail: balajidi@net.bigapor.com
For the past 2 years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*COMPANY DIRECTOR*
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1
Name : Mr. Prem Kumar Parwal
Nationality : Indian
2
Name :
Mrs. Raj Shree Parwal
Nationality :
Indian
ID/Passport No. :
K6975763
Registered Address : Flat/Rm
E 16Fl Star Mansion 3-5 Minden Row, Tsimshatsui, Kowloon, Tsimshatsui
Country of Residence : Hong
Kong
Date of Appointment : 1 Jul,
1996
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing of jewelry and precious stones.
2. Sales and distribution of products to local and overseas
markets.
Products: Diamonds
Jewelry
Precious diamond
stones
Precious
stones
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
46
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Tsimshatsui, Kowloon
Branch Address : 82-84
Nathan Rd
SWIFT Code :
HSBCHKHH
SC is considered
small-sized in its line with a development history of 12 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Exporting
Asia / Pacific Exporting,Importing
North America Exporting
India Importing
Indonesia Exporting
Japan Exporting
Mauritius Exporting
Taiwan Exporting
Thailand Exporting
USA Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.37 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.65.96 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)